Oracle (NASDAQ:[[ticker:ORCL]]), the Redwood Shores, CA-based technology giant, says this morning that it has agreed to buy Virtual Iron Software, headquartered in Lowell, MA, to boost its presence in the market for server virtualization software. The transaction is expected to close this summer, according to Oracle, which did not disclose financial terms of the deal. Virtual Iron is a privately held company backed by venture groups such as Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital, and SAP Ventures. [Update 2:00 p.m. May 13, 2009: We’ve just published a longer report about the Virtual Iron acquisition.]
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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